Spend a few minutes each day completing a task in our budget organizer. After 10 days, your finances will be in spring-clean working order! Wash, Rinse, Repeat: Once yearly. (Or more, we won’t tell!)
Make sure you know your username and password for online banking for all of your accounts.
If you don’t, recover them by clicking ‘forgot password’ and following the prompts. Here’s a checklist of the ones to make sure you have active access to. Check them off when complete.
If anything in your life should have iron-clad security, it's your money. Implement these tips to ensure your household finances are secure.
Now that you have all of your usernames and passwords updated and stored, it’s time to get each bank or credit union's app for your mobile devices.
Why? Because they're designed specifically for easy use on mobile! And that makes them more secure than using your internet browser. It’s worth searching the App Store or Google Play to see if each of your financial institutions has an app. (They probably do.) Setting up FaceID or TouchID will make it even easier. Then put all your bank apps in a folder on your phone or tablet titled "Finance" to make them easy to find. The best part is that you can complete this budget organizer item without getting off the couch!
Set yourself up for success by enrolling in the free credit score tool within Copper State Credit Union Online Banking.
You'll get daily updates on your credit score as well as credit report changes and real time credit monitoring. All without doing a hard pull on your credit. Learn more here, or just log in to your Copper State Credit Union online banking and enroll in Free Credit Score!
Also - know that you’re legally entitled to a credit report from all three agencies (TransUnion, Equifax, and Experian) once per year. You can find this at AnnualCreditReport.com – the only source for free credit reports from all three agencies and authorized by federal law.
Once you get your report:
Enroll in electronic statements, if you haven't already.
You know bank statements are important, but they’re mailed to you each month and then strewn all over your house/apartment/file cabinet/junk drawer/cat’s litter box/recycle bin...need I continue?
They’ll be much safer electronically filed away. So take care of this for your family budget, sign up for eStatements and make your life a little more clutter-free. Plus, enrolling in eStatements saves you the $2 per month Paper Statement Fee (our cost for mailing).
“But I’m already enrolled in eStatements”
Awesome! How long has it been since you downloaded them and filed them in a folder on your computer? For security reasons, eStatement PDFs aren't sent as an attachment to your email inbox, but instead are stored securely within your online banking. So, take 15 minutes, blast your favorite 90s playlist and knock out this budget tidy-up task in no time. Then you’ll be prepared when you need to refer to these statements in the future - i.e. tax time or when you're applying for a mortgage loan.
Almost every bank and credit union have some type of text or email alert/notification system. Your budget organizer process should include adding at least one or two alerts. These notifications let you know when something happens on your account. Our favorites are bolded in the list below. To watch tutorial videos & check out our members' favorite alerts, see our article on the Top 4 Most Popular Account Security Alerts.
Choose a few that work best for your household finances and update your email/phone number so that you’re always in the know. For Copper State CU online banking, find this under Settings > Contact.
Financial Net Worth is the value of everything you own minus all your debts. This budget organizer item is interesting to calculate and see where you stand! You can also complete it for household finances rather than individually. We have a real-life example below (Monique) to help illustrate the process of determining net worth.
Asset: Money or Property You Own
Checking and savings account balances, value of securities (stocks/bonds), real property value, the market value of a car, etc.
Liability: Money You Owe
Mortgage loan balance, car loan balance, personal loan balance, credit card balance, student loan balance, etc.
To calculate, first find the value of all of your assets combined. Then subtract all of your loans or liabilities. The remaining number is your Financial Net Worth.
Meet
Monique
Monique has $5,000 in her savings account, $300 in her checking account, $21,500 in a 401k, and owns her car free and clear (valued at $3,000). Plus she has a valuable heirloom piece of jewelry she stores in a safe worth $10,000. Her house's fair market value is $300,000. Her assets = $339,800.
Monique has $273,000 left to pay on her mortgage loan and carries a balance of about $6,000 in credit card debt. Her liabilities = $279,000
Monique's financial net worth = $60,800
What should my net worth be? A simple goal is to have a net worth that is increasing over time instead of decreasing, and that it's positive rather than negative. Some people prefer a target number though – and you can use this formula if you prefer:
So – what’s your financial net worth?
If you aren't happy with it, you might want to check out our free budgeting template!
The three biggest reasons for not saving are:
Let’s address solutions for all three:
“I don’t know what to save for.”
“I don’t remember to save.”
“By the end of the month there’s nothing left for savings.”
This is easily the most impactful budget organizer item, because we all love spending money on things we enjoy. Whether it’s Top Golf, Anthem Outlets, dining out, or heading to northern Arizona for a summer vacation, many of us work hard and like to enjoy the money we earn by doing fun things or buying stuff for people we love.
This type of expenditure is hard to track if you’re using plastic money a.k.a. debit or credit cards. A very effective option is to visit the ATM every two weeks, on payday, and withdraw the exact amount that you’re budgeted to spend on fun stuff for the following two weeks. Keep the cash in your wallet, and then you don’t have any more you can spend until you visit the ATM on your next payday.
Even though so many of our purchases occur online now, you can easily make the cash system still work with online purchases. Just use your credit or debit card but immediately put the same amount of cash in an envelope that says ‘bank.’ Yes, it’s silly, but you’re still keeping track with cash by doing it this way. I recommend depositing the 'bank' cash back into your account weekly if you don't have a lot of extra cash in your credit union checking account.
Be kind to yourself – keeping on top of your finances and your budget is a lot of work. Even if you only completed one or two of the tips from our 10-Day Budget Organizer, you’re still ahead of where you were before. (Or maybe you haven't done any of them yet because you're still reading this. 😅) Regardless, give yourself a kind word and a pat on the back for your efforts.
Be kind to others – Is there a charity or non-profit organization you’ve been wanting to support but never got around to it? Set up a donation schedule monthly or quarterly if that fits in with your budget and goals. Organizing your budget feels great, but so does helping others. ❤️
If you feel like you need more than a checklist to tidy up your budget, we've got you covered:
1 CashBack Checking does not carry a monthly fee if member is enrolled in eStatements. For members who prefer paper statements, a $2 monthly fee will be assessed to their account, except for those members over the age of 65 or 17 years of age and younger.
This article is intended to be a general resource only and is not intended to be nor does it constitute legal advice. Any recommendations are based on opinion only. Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval.